GCM Resources (LON:GCM) Trading Down 23.5% – Should You Sell?

Shares of GCM Resources Plc (LON:GCM) traded down 23.5% during mid-day trading on Friday . The company traded as low as GBX 2.70 ($0.03) and last traded at GBX 2.75 ($0.04). 50,388,043 shares changed hands during mid-day trading, an increase of 1,446% from the average session volume of 3,259,400 shares. The stock had previously closed at GBX 3.60 ($0.05).

GCM Resources Stock Down 23.5 %

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The business has a 50 day simple moving average of GBX 2 and a 200-day simple moving average of GBX 2.14. The firm has a market capitalization of £8.25 million, a price-to-earnings ratio of -3.85 and a beta of 0.73.

GCM Resources Company Profile

GCM Resources Plc, together with its subsidiaries, operates as a resource exploration and development company in the United States. The company primarily engages in the development of the Phulbari coal and power project that relates to thermal coal and semi-soft coking coal located in Northwest, Bangladesh.